Hello Friend,

When you already have a family, especially kids, having a family budget is a must.

This does not mean that you will no longer have financial freedom. It’s just that you need to consider having savings for your kids’ future.

Learning to spend your money only on things your family needs – not wants- is a must.

Since you have different financial statuses, it is just apt that you deal with personal finances and cash management in a diverse way.

Each household has varying needs, means, and circumstances. Our money-management skills are also at different levels, as are our debt and savings!

That’s why budgeting has to do with most of these perspectives and reflections.